- Djibouti offered Ethiopia a 60% equity stake in the Tadjoura Port, according to Finance Minister Ilyas Moussa Dawaleh.
- Ethiopian government declined the proposal, seeking corridor access in addition to the equity stake.
- The statement was made during a press conference in Djibouti.
- In October 2025, Djibouti entered a 30-year concession agreement with Red Sea Gateway Terminal International (RSGTI), a subsidiary of Saudi Arabia’s Jeddah-based Red Sea Gateway Terminal (RSGT), to operate port facilities on the Red Sea.
- Discussions aimed to deepen bilateral cooperation in port and logistics infrastructure.
- The development reflects ongoing negotiations over Ethiopia’s maritime trade access.
- On March 10, DPFZA issued a notice instructing shipping agents not to impose additional surcharges on cargo loaded prior to the onset of the Gulf crisis.
Why it matters?
The proposed 60% stake in Tadjoura Port highlights Djibouti’s willingness to deepen economic integration. Ethiopia’s preference for corridor access underscores its priority for guaranteed and efficient trade routes critical to its import-export activities.